Thursday, June 27, 2019 7:17:39 PM
No one understands this deal except the people involved. What I got out of all of this is that previous filings contained false or misleading information, like K&J would be buying on the open market which based on the S1 it appears they will be issued shares (to dump at their disposal). I also got out of the S1 that 830 million shares will be outstanding once K&J gets their cut...and that dilution is inevitable.
But what I really got out of this S1 is the BZRTH/BizRight situation won't be resolved anytime soon. I thought they'd at least have it done by the end of this month since June ends their fiscal year and they would claim $40 million for the year (LMFAO!). All this talk about "audits"; "audit" is the prime word/excuse when deals take forever...whenever in doubt, blame it on the "audits".
#sugarmadeisn'ttheonlyplayintown
#betteropportunities
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